High Performance Computing (HPC) Market Valuation USD 50 Billion by 2023 Growing with 8% CAGR

September 20, 2018

Press Release

High Performance Computing (HPC) Market Valuation USD 50 Billion by 2023 Growing with 8% CAGR

Global High-Performance Computing Market Research Report, by Deployment (On Premise, On Cloud), by Vertical (BFSI, Manufacturing, Retail, Healthcare), by Component (Storage, Software, Server) -...

High Performance Computing Market - Overview

The global High Performance Computing market is growing with the rapid pace is mainly due to the advancement in technology across several domains is one major factor fuelling the growth of High Performance Computing market. It is mainly used in myriad defence and aerospace verticals. According to a recent study report published by the Market Research Future, The global market of High Performance Computing is booming and expected to gain prominence over the forecast period.

The growing adoption of cloud services and internet of things is driving the market growth of High Performance Computing. The companies like IBM Corporation, Hewlett-Packard Company, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., Advanced Micro Devices, Inc., are investing in research & development of High Performance Computing. The high-performance computing currently is playing a role in training and simulation, on-board systems for navigation, defence, and attack; and command, control, communications, intelligence, computers, surveillance, and reconnaissance.

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Key Players:

IBM Corporation (U.S.), Hewlett-Packard Company (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Cisco Systems, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), Fujitsu Ltd (Japan), Oracle Corporation (U.S.), Dell Inc. (U.S.), Hitachi Data System Corporation (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global High Performance Computing Market.

HPC Industry News

5 March 2017 - The University of Michigan went into collaboration with IBM to deliver data-centric computing systems. This system enables for the high performance computing applications to interact in real time with big data. It reduces the computing costs by accelerating statistical inference and machine learning.

15 Nov 2016– Dell EMC has expanded its high performance computing portfolio with the advances in cloud, software. It has announced new high performance computing cloud offerings, software, systems and customer success, while optimizing their HPC technology innovations.

November 17, 2015 – Cisco system Inc. has introduced software and developer tools for cloud-scale networking that enable service providers and web companies to deliver cloud applications.

High Performance Computing Market - Competitive Analysis

The market of High Performance Computing appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms.

HPC Market - Segmentation

Segmentation by Component: Comprises Servers, Storage, Networking Devices, Software and others.

Segmentation by Deployment: Comprises Cloud, On-Premise.

Segmentation by Vertical: Comprises BFSI, IT and Telecommunication, Retail, Manufacturing, Healthcare, Energy & Utilities, Transportation and others.

Segmentation by Region: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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High Performance Computing Market - Regional Analysis

North-America is dominating the global High Performance Computing market with the largest market share is due to early adoption of technology by several industries has aided in the development of HPC market in that region and is expected to grow over its previous growth records by 2023. High Performance Computing market in Asia-Pacific market is expected to grow at a substantial CAGR during 2017 to 2023 due huge investments by big enterprises and small scale enterprises in this region. The European market for High Performance Computing market is expected to grow at a considerable CAGR (2017-2023).

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